Is Twitter Profitable in 2024?

Who Founded Twitter?

Twitter is a microblogging platform that was launched in the year 2006 by Jack Dorsey, Evan Williams, Noah Glass, and Biz Stone, former Odeo employees.

Twitter Went Hit in 2007

The idea behind Twitter was to send & receive messages for a small group of people. But Twitter saw its first hit when users could see real-time tweets that were hitting the network in 2007.

Twitter’s Annual Revenue

Twitter made $4.4 billion in revenue in 2022 showing an 11% decrease from the previous year’s revenue.

Twitter’s First Profit

The first time Twitter ever became profitable was in 2018, when it generated net profits of $1.2 billion.

Twitter Users

Twitter had stimated 421 million montlhy users in 2023 compared to monthly users of 368 million.

Is Twitter Profitable As A Company?

In the year 2022, Twitter made revenue of $4.4 billion, showing a decrease of 12% from last 2021, and generated a net loss of $221.41 million.